Examlex
Much of the growth in the number of Americans behind bars can be attributed tothe enhancement and stricter enforcement of the nation ' s drug laws.
Quantity Demanded
The amount of a good or service that consumers are willing and able to purchase at a given price over a specified period.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price in a given time period.
Surplus
A situation in which the quantity of a good or service supplied exceeds the quantity demanded, often leading to a price reduction.
Shortage
A situation in which the demand for a product exceeds the supply available at a specific price.
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